Overview
- Rieder’s interview is reported for Thursday at the White House with President Trump, Susie Wiles, Treasury Secretary Scott Bessent and Dan Scavino, according to Fox Business.
- He is the fourth and last finalist after Kevin Warsh, Kevin Hassett and Christopher Waller, and prediction markets currently favor Warsh and Hassett over Rieder.
- Bessent has said the president plans to announce his choice by the end of January, setting up a transition ahead of Powell’s May 15 term end.
- Rieder is BlackRock’s CIO of global fixed income, overseeing roughly $2.4 trillion, and previously advised the Treasury Borrowing Committee and the Fed’s Investment Advisory Committee.
- Asked about the role, Rieder said the Fed will do what is right for the country and declined to confirm the interview, noting recent reports seemed reasonably accurate.